• What are the strategic choices available?
Biocon India Group is a Bangalore-based organization that began in 1978 with the enzyme business. An enzyme, by the way, is a substance produced by a living organism which acts as a catalyst to bring about a specific biochemical reaction. That said, the Biocon India realized that growth is imminent and various strategic choices are available. The first strategic choice available to Managing Director, Kiran Mazumdar-Shaw’s Biocon India is expansion through subsidiaries. The organization swiftly established Syngene which is a contract research organization (CRO) designed to serve the global pharmaceutical market and with the passing of time, 2003 to be precise, Biocon India established Clinigene Company …show more content…
These rewards came from both the government to the organization and the organization extended it into growth. First and foremost, when the government realized that the Biocon India has expanded to the India environment, and is inevitably transcending into uncharted areas of opportunities, the government established an internal and external support systems to encourage the organization and every Pharmaceutical company in India. The government improved the research and development (R&D) so that Biocon India Group could massively benefit from …show more content…
In the case of the Biocon India Group, the primary structure of the organization is a collegial structure. By definition, a collegial structure is a system where power, authority, and control are shared equally among employees (Wright, 2007; Freedman, n.d.). In Biocon, employees work in a supportive and collaborative environment. This form of structure is common among innovative companies. The collegial structure is what makes Biocon obviously distinctive that according to Shri Shuyanarayan, it took almost two years of working with the Biocon before he could fully embrace the collegial culture in the organization (Kalegaonkar, Locke, & Lehrich, 2008). Generally, the unique aspect of a collegial structure in an organization is that it portrays or promotes loose structure and casual hierarchies that enable everyone work freely for the benefit of the organization unlike internal structure and the functional structure (Ritson,
Biocon India Group is a Bangalore-based organization that began in 1978 with the enzyme business. An enzyme, by the way, is a substance produced by a living organism which acts as a catalyst to bring about a specific biochemical reaction. That said, the Biocon India realized that growth is imminent and various strategic choices are available. The first strategic choice available to Managing Director, Kiran Mazumdar-Shaw’s Biocon India is expansion through subsidiaries. The organization swiftly established Syngene which is a contract research organization (CRO) designed to serve the global pharmaceutical market and with the passing of time, 2003 to be precise, Biocon India established Clinigene Company …show more content…
These rewards came from both the government to the organization and the organization extended it into growth. First and foremost, when the government realized that the Biocon India has expanded to the India environment, and is inevitably transcending into uncharted areas of opportunities, the government established an internal and external support systems to encourage the organization and every Pharmaceutical company in India. The government improved the research and development (R&D) so that Biocon India Group could massively benefit from …show more content…
In the case of the Biocon India Group, the primary structure of the organization is a collegial structure. By definition, a collegial structure is a system where power, authority, and control are shared equally among employees (Wright, 2007; Freedman, n.d.). In Biocon, employees work in a supportive and collaborative environment. This form of structure is common among innovative companies. The collegial structure is what makes Biocon obviously distinctive that according to Shri Shuyanarayan, it took almost two years of working with the Biocon before he could fully embrace the collegial culture in the organization (Kalegaonkar, Locke, & Lehrich, 2008). Generally, the unique aspect of a collegial structure in an organization is that it portrays or promotes loose structure and casual hierarchies that enable everyone work freely for the benefit of the organization unlike internal structure and the functional structure (Ritson,